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Thursday, August 21, 2014

Uptrend Stock Q&M

Q&M break out of the consolidation zone and close above the resistance 0.49, can watch this stock as its previous trend is very uptrending. We also see the increase in Banker's Volume(blue bar). Current support is at 0.46, trend might change if break below 0.46.

The dental healthcare group said on Monday its second-quarter net profit rose 33 per cent over the previous year to $1.2 million, while revenue climbed 28 per cent to $20.3 million in the period.

Revenue from the group's dental and medical clinics increased 17 per cent to $18.4 million, due to both increased business at its existing clinics as well as contributions from new dental and medical outlets in Singapore and Malaysia.

Meanwhile, revenue from its dental equipment and supplies distribution business also jumped nearly 10 times to $1.87 million, from $185,000 a year ago. This came after the group acquired Malaysia-based dental equipment and supplies distribution company AR Dental Supplies.

- See more at: http://www.straitstimes.com/news/business/companies/story/qm-dental-group-posts-33-rise-q2-profits-higher-revenue-20140811#sthash.YGJBj4o3.dpuf